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3945 Aspen Holw
Score
0
Reno, NV

3945 Aspen Holw

1.7M
4 bd • 5 ba • 3,802 sf

This analysis was generated on 2/16/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$1,671,000

Price/Sq.Ft

$440

Year Built

2014

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• **Prime Location:** Situated in the gated Monte Rosa community in south Reno, the property offers a secure and serene living environment. Its proximity to top-rated schools (Ted Hunsburger Elementary School - 8/10, Marce Herz Middle School - 7/10, Galena High School - 6/10) makes it an attractive option for families. • **Spacious Layout:** With 4 bedrooms and 5 bathrooms spread across 3,802 sq/ft, the home provides ample space for comfortable living and entertaining. The half-acre lot offers privacy and room for outdoor activities. • **Luxury Features:** The chef's kitchen with granite countertops, stainless steel appliances, and a grand island is ideal for cooking and hosting. The open floor plan, anchored by a cozy fireplace, seamlessly blends sophistication and comfort. • **Outdoor Recreation:** The property offers direct access to the Whites Creek Trailhead and is just 15 minutes from Mt. Rose Ski area, providing convenient access to hiking and skiing opportunities.

The Bad

• **High Price per Square Foot:** At $439.51 per sq/ft, the property is priced higher than the Reno average, which can range from $300-$400 per sq/ft depending on the location and specific market conditions. This may make it less competitive compared to other similar-sized homes in the area. • **Elevated Insurance Costs:** The estimated annual insurance cost of $6,015.60 is significantly higher than the national average, primarily due to the major fire risk. This adds a substantial expense to the total cost of ownership. • **Longer Days on Market:** The property has been on the market for 114 days, which is above the average for Reno. According to Zillow, the median days on market in Reno is around 60-80 days. This could indicate that the property is overpriced or has other drawbacks that are deterring buyers. • **Price History Fluctuations:** The property's price history shows a significant price increase (80.4%) followed by a decrease (-1.5%). This volatility may raise concerns about the property's true market value and potential for future appreciation.

The Ugly

• **Extreme Air Quality Risk:** The property faces an extreme air quality risk (9/10), with an average of 16 bad air days per year. This poses a significant health concern, especially for individuals with respiratory issues, and may require investing in air purification systems. The air quality in Reno can be significantly impacted by wildfire smoke, particularly during the summer and fall months. • **Potential HOA Restrictions and Costs:** While the description highlights the benefits of living in a gated community, it does not mention the specific HOA fees or restrictions. High HOA fees can significantly increase the monthly cost of ownership, and restrictive rules may limit the homeowner's ability to make desired changes to the property. • **High Estimated Insurance Costs due to Fire Risk:** With a fire risk of 6/10, insurance costs are estimated at $6015.60 per year. This is substantially higher than the national average and adds significantly to the overall cost of ownership. Properties in high fire-risk areas often require specialized insurance policies, which can be more expensive and difficult to obtain. • **Potential for Future Drought Restrictions:** Reno is located in a desert state with limited water resources. Future drought conditions could lead to water restrictions, impacting landscaping and other water-dependent activities. This is particularly relevant for properties with large lots and extensive landscaping. Understanding local water restrictions and implementing drought-tolerant landscaping can help mitigate this risk.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a luxury home in a gated community with access to outdoor activities. The property's location in Monte Rosa offers a secure environment and proximity to the Whites Creek Trailhead and Mt. Rose Ski area, making it ideal for those who enjoy hiking and skiing. • Individuals who value a well-appointed kitchen and open floor plan for entertaining. The chef's kitchen with granite countertops and stainless steel appliances, combined with the spacious living areas, makes this home suitable for hosting gatherings. • Those prioritizing access to highly-rated schools. The property is located near Ted Hunsburger Elementary School (8/10), Marce Herz Middle School (7/10), and Galena High School (6/10), making it attractive to buyers who place a high value on education. • Homeowners looking for a property with ample garage space. The two spacious garages provide plenty of room for vehicles and storage, appealing to those with multiple cars or recreational equipment.

Not For

• Buyers seeking a property with low insurance costs. The major fire risk (6/10) significantly increases insurance premiums, making this property less attractive to those on a tight budget. • Individuals sensitive to air quality issues. The extreme air quality risk (9/10) and 16 bad air days per year may deter those with respiratory sensitivities. • Buyers looking for a quick sale. The property's 114 days on market suggests it may take longer to sell compared to other homes in the area. • Those seeking a property with a stable price history. The multiple price changes, including a significant price increase followed by a decrease, may raise concerns about the property's valuation.
Demographics
Area Median Income

$111,410

Property History

Price History
Ownership Timeline
$940,000Cash Purchase
May 4, 2018
Venkatsch V Murly, Depthi SoggerddiSantosh G Ambika, Paravathy Sukuman Nair
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$940,000Financed
May 4, 2018
Venkatesh V Murty, Deepthi SigireddiSanthosh G Ambika, Parvathy Sukumaran Nair
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$49,000Cash Purchase
Jul 14, 2015
Monte Rosa LlcHomecrafters Ltd
Bargain And Sale Deed
Non-Residential Arm's Length Transactions
$792,000Cash Purchase
Jul 13, 2015
Homecrafters LtdVenkataesh V Murty, Deepthi Sigireddi
Bargain And Sale Deed
New Construction Residential Transactions

Property Taxes

$11,996
2024 Tax Assessment
8.0%from previous year
Assessed Value$448,306
Tax Rate2.68%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

airSEVERE

16 bad air quality days per year

fireMAJOR

Insurance: Required

heatMINIMAL

3 extreme heat days per year

98th percentile: 92°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• **High Fire Risk:** The property's major fire risk (6/10) could lead to substantial insurance costs and potential damage from wildfires. Mitigation measures, such as defensible space and fire-resistant landscaping, may be necessary. • **Air Quality Concerns:** The extreme air quality risk (9/10) and 16 bad air days per year could pose health risks, especially for those with respiratory issues. Air purifiers and other mitigation strategies may be needed. • **Market Volatility:** The property's price history shows significant fluctuations, including a large price increase followed by a decrease. This suggests potential market volatility and uncertainty about the property's true value. • **Extended Time on Market:** The 114 days on market is longer than average, which could indicate pricing issues, hidden defects, or low demand. A thorough inspection and market analysis are recommended. • **HOA Fees and Regulations:** Living in a gated community like Monte Rosa means being subject to HOA fees and regulations, which could impact costs and lifestyle choices.
Insurance
Annual Cost

$6,016

$501 per month

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Schools

Ted Hunsburger Elementary School

PublicGrades PK-6
9/10
Elementary
752 students

Galena High School

PublicGrades 9-12
6/10
High
1,508 students

Edward L Pine Middle School

PublicGrades 6-8
5/10
Middle
1,010 students

Financials

Monthly Costs
Market Rent (4 bed)

$3,340

Get a detailed estimate on Zillow®
HOA Fee

$190

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,671,000
Price/sqft
$440
Layout
4 bd5 ba
Days on market
113 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,023,500

63.3%

Your price is 63.3% above average

Median Price

$869,000

92.3%

Based on 6 recent sales

Price per Sq.Ft

$261

68.4%

Your price is 68.4% above average $/sqft

Comparable Properties

14310 Swift Creek Ct., Reno, NV 89511
Price: $990,000
Sq.Ft: 4,500
Beds/Baths: 4/5
$/Sq.Ft:
$22049.9%
Sale Date: 2/12/2025
13290 WEST SADDLEBOW, Reno, NV 89511
Price: $869,000
Sq.Ft: 3,900
Beds/Baths: 4/5
$/Sq.Ft:
$22349.3%
Sale Date: 11/1/2024
4615 Saddlehorn Dr, Reno, NV 89511
Price: $2,465,000
Sq.Ft: 4,002
Beds/Baths: 4/5
$/Sq.Ft:
$61640.1%
Sale Date: 9/13/2024
2335 Stowe Drive, Reno, NV 89511
Price: $492,000
Sq.Ft: 3,429
Beds/Baths: 4/4
$/Sq.Ft:
$14367.4%
Sale Date: 11/29/2024
13450 FIELDCREEK LANE, Reno, NV 89511
Price: $635,000
Sq.Ft: 3,850
Beds/Baths: 4/4
$/Sq.Ft:
$16562.5%
Sale Date: 10/25/2024
12980 Fieldcreek Ln., Reno, NV 89511
Price: $690,000
Sq.Ft: 3,444
Beds/Baths: 4/4
$/Sq.Ft:
$20054.4%
Sale Date: 10/24/2024

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